The Dow Jones index, after reaching a new annual minimum last week, sharply turned upward. Signals to buy from the Stochastic indicator and the "bullish engulfing" pattern appeared. The correctional decrease on Friday failed the reducing of the main part of the profit, and with the start of the new week, the rise continued.
The Dow Jones was supported by fairly good reports of the largest banks: JPMorgan, Citigroup, Wells Fargo and Bank of America. If results from other sectors of the economy also are better than expected, the Dow Jones could continue rising to 30800, 31450, and 32100.
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